Blog 1: Income Inequality: It's a problem. Here's why.

In the article Income inequality: It’s a problem. Here’s why. the author, Jared Bernstein is trying to see how a family’s income when you are a child will affect how you will move up the scale or down the scale when you get older and start producing your own income. Bernstein provided evidence from multiple countries such as the United States, United Kingdom, Japan, Finland, France, etc.  He is trying to see if a county has a greater inequality of wealth between the classes then how will that affect the mobility of a person moving up in classes or will there be any mobility at all. From the data that the author provides it show that the higher inequality a country has the less mobility the country will have.

Reading this article it made me think about how this really is a global issue. How do we solve the fact that there is such a high income inequality between people, or how can we create more opportunities for income mobility? I feel that one of the major factors playing into this inequality is the levels and quality of education that people receive. This occurs all around the world. Those who have more money are going to be able to send their kids to the better schools. They are going to be able to be able to pay for a college education and be able to earn degrees. After they earn those degrees then those people are going to be able to fill the same jobs of the parents. The same goes for people who don’t have a lot of money. They are not going to be able to receive the best of educations and are going to try to get by, or they may work very hoping for a better opportunity but those jobs are already filled by those with better educations.

http://www.csmonitor.com/Business/On-the-Economy/2012/0115/Income-inequality-It-s-a-problem.-Here-s-why